Mortgage rates to hit 6.25%

ReadySteadyPop

Hoenir said:

Nothing substantive then. Just speculation. Serious market commentaries can be found if one looks hard enough. . 

 No serious market commentator would discount these things as potential major effects on inflation and bond/credit markets, and therefore mortgage rates.

ReadySteadyPop

RelievedSheff said:

ReadySteadyPop said:

https://www.mpamag.com/uk/news/general/major-lender-raises-interest-rates-for-new-and-existing-customers/508901

One lender raising rates slightly is hardly a firm basis for claiming that interest rates are going to rise to over 6%!!

It could simply be that they are wanting to reduce demand for their products if they feel they are becoming over subscribed.

If mortgage rates were over 6% a couple of years ago and in the past in the UK have been in the double digits, what has changed now that says they will never go over 6%?

https://www.bbc.co.uk/news/articles/c93yenv5r74o

MeteredOut

ReadySteadyPop said:

RelievedSheff said:

ReadySteadyPop said:

https://www.mpamag.com/uk/news/general/major-lender-raises-interest-rates-for-new-and-existing-customers/508901

One lender raising rates slightly is hardly a firm basis for claiming that interest rates are going to rise to over 6%!!

It could simply be that they are wanting to reduce demand for their products if they feel they are becoming over subscribed.

That does not chime with what I"m hearing about sales falling through and lack of viewings being a problem for lots of people now, more likely they have an eye on global events and the potential bond market reaction.

Thanks, but you'll forgive us if we trust the fact that 95%+ of lenders are NOT increasing rates over your anecdotal musings which have, by your own admission, caused you to make some fairly significant financial mistakes.

ReadySteadyPop

MeteredOut said:

ReadySteadyPop said:

RelievedSheff said:

ReadySteadyPop said:

https://www.mpamag.com/uk/news/general/major-lender-raises-interest-rates-for-new-and-existing-customers/508901

One lender raising rates slightly is hardly a firm basis for claiming that interest rates are going to rise to over 6%!!

It could simply be that they are wanting to reduce demand for their products if they feel they are becoming over subscribed.

That does not chime with what I"m hearing about sales falling through and lack of viewings being a problem for lots of people now, more likely they have an eye on global events and the potential bond market reaction.

Thanks, but you'll forgive us if we trust the fact that 95%+ of lenders are NOT increasing rates over your anecdotal musings which have, by your own admission, caused you to make some fairly significant financial mistakes.

So you are saying that most lenders won"t be raising rates? 

MeteredOut

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

RelievedSheff said:

ReadySteadyPop said:

https://www.mpamag.com/uk/news/general/major-lender-raises-interest-rates-for-new-and-existing-customers/508901

One lender raising rates slightly is hardly a firm basis for claiming that interest rates are going to rise to over 6%!!

It could simply be that they are wanting to reduce demand for their products if they feel they are becoming over subscribed.

That does not chime with what I"m hearing about sales falling through and lack of viewings being a problem for lots of people now, more likely they have an eye on global events and the potential bond market reaction.

Thanks, but you'll forgive us if we trust the fact that 95%+ of lenders are NOT increasing rates over your anecdotal musings which have, by your own admission, caused you to make some fairly significant financial mistakes.

So you are saying that most lenders won"t be raising rates? 

No, I'm saying most recent trend amongst lenders is a downward movement of rates. Only an idiot would claim they know what will happen in future, and even more-so if they then made a major financial decision based on that.

ReadySteadyPop

MeteredOut said:

ReadySteadyPop said:

RelievedSheff said:

ReadySteadyPop said:

https://www.mpamag.com/uk/news/general/major-lender-raises-interest-rates-for-new-and-existing-customers/508901

One lender raising rates slightly is hardly a firm basis for claiming that interest rates are going to rise to over 6%!!

It could simply be that they are wanting to reduce demand for their products if they feel they are becoming over subscribed.

That does not chime with what I"m hearing about sales falling through and lack of viewings being a problem for lots of people now, more likely they have an eye on global events and the potential bond market reaction.

Thanks, but you'll forgive us if we trust the fact that 95%+ of lenders are NOT increasing rates over your anecdotal musings which have, by your own admission, caused you to make some fairly significant financial mistakes.

What is your take on this, what are they doing here?

https://www.thisismoney.co.uk/money/mortgageshome/article-13949817/Santander-temporarily-withdraws-fixed-mortgage-deals-precursor-upping-rates.html

MeteredOut

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

RelievedSheff said:

ReadySteadyPop said:

https://www.mpamag.com/uk/news/general/major-lender-raises-interest-rates-for-new-and-existing-customers/508901

One lender raising rates slightly is hardly a firm basis for claiming that interest rates are going to rise to over 6%!!

It could simply be that they are wanting to reduce demand for their products if they feel they are becoming over subscribed.

That does not chime with what I"m hearing about sales falling through and lack of viewings being a problem for lots of people now, more likely they have an eye on global events and the potential bond market reaction.

Thanks, but you'll forgive us if we trust the fact that 95%+ of lenders are NOT increasing rates over your anecdotal musings which have, by your own admission, caused you to make some fairly significant financial mistakes.

What is your take on this, what are they doing here?

https://www.thisismoney.co.uk/money/mortgageshome/article-13949817/Santander-temporarily-withdraws-fixed-mortgage-deals-precursor-upping-rates.html

That looks like them not increasing rates.

Maybe they will. As the market leader with the lowest rate, that might not be a surprise.

ReadySteadyPop

MeteredOut said:

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

RelievedSheff said:

ReadySteadyPop said:

https://www.mpamag.com/uk/news/general/major-lender-raises-interest-rates-for-new-and-existing-customers/508901

One lender raising rates slightly is hardly a firm basis for claiming that interest rates are going to rise to over 6%!!

It could simply be that they are wanting to reduce demand for their products if they feel they are becoming over subscribed.

That does not chime with what I"m hearing about sales falling through and lack of viewings being a problem for lots of people now, more likely they have an eye on global events and the potential bond market reaction.

Thanks, but you'll forgive us if we trust the fact that 95%+ of lenders are NOT increasing rates over your anecdotal musings which have, by your own admission, caused you to make some fairly significant financial mistakes.

So you are saying that most lenders won"t be raising rates? 

No, I'm saying most recent trend amongst lenders is a downward movement of rates. Only an idiot would claim they know what will happen in future, and even more-so if they then made a major financial decision based on that.

Some commentators were predicting "multiple rate cuts" at the start of this year, no doubt some people listened and made borrowing decisions based on that?

ReadySteadyPop

Emmia said:

Hoenir said:

In what context would mortgage interest rates hit 6.25% ?   

More govt. borrowing pushes up interest rates for mortgage holders is the premise. It feels like yet another negative scaremongering article from the Torygraph.

I've recently cancelled my subscription as I'm sick and tired of the negativity from that paper 

The bond market taking a dim view of their upcoming budget could also push up mortgage rates.

ReadySteadyPop

MeteredOut said:

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

RelievedSheff said:

ReadySteadyPop said:

https://www.mpamag.com/uk/news/general/major-lender-raises-interest-rates-for-new-and-existing-customers/508901

One lender raising rates slightly is hardly a firm basis for claiming that interest rates are going to rise to over 6%!!

It could simply be that they are wanting to reduce demand for their products if they feel they are becoming over subscribed.

That does not chime with what I"m hearing about sales falling through and lack of viewings being a problem for lots of people now, more likely they have an eye on global events and the potential bond market reaction.

Thanks, but you'll forgive us if we trust the fact that 95%+ of lenders are NOT increasing rates over your anecdotal musings which have, by your own admission, caused you to make some fairly significant financial mistakes.

So you are saying that most lenders won"t be raising rates? 

No, I'm saying most recent trend amongst lenders is a downward movement of rates. Only an idiot would claim they know what will happen in future, and even more-so if they then made a major financial decision based on that.

The trend seems to be changing?

https://www.msn.com/en-us/money/realestate/halifax-and-barclays-increase-mortgage-rates-amid-budget-jitters/ar-AA1sqRts?ocid=BingNewsSerp